HSBC Holdings plc Analysts Give Morgan Stanley (MS) a $54.00 Price Target
Morgan Stanley (NYSE:MS) has been assigned a $54.00 price objective by stock analysts at HSBC Holdings plc in a research note issued to investors on Friday. The brokerage presently has a “hold” rating on the financial services provider’s stock. HSBC Holdings plc’s price objective suggests a potential upside of 18.29% from the company’s previous close.
MS has been the topic of several other research reports. Wells Fargo & Company began coverage on shares of Morgan Stanley in a research note on Wednesday. They issued a “market perform” rating and a $48.00 price target on the stock. Zacks Investment Research lowered shares of Morgan Stanley from a “buy” rating to a “hold” rating in a research note on Wednesday, May 24th. J P Morgan Chase & Co restated a “buy” rating and issued a $53.00 price target on shares of Morgan Stanley in a research note on Monday, June 26th. Credit Suisse Group restated a “neutral” rating and issued a $49.00 price target (up previously from $47.00) on shares of Morgan Stanley in a research note on Saturday, July 22nd. Finally, Vetr upgraded shares of Morgan Stanley from a “sell” rating to a “hold” rating and set a $40.50 price target on the stock in a research note on Tuesday, May 23rd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. Morgan Stanley presently has a consensus rating of “Buy” and a consensus price target of $48.02.
Morgan Stanley (NYSE:MS) opened at 45.65 on Friday. The company has a 50-day moving average price of $46.14 and a 200 day moving average price of $44.39. The firm has a market cap of $83.84 billion, a PE ratio of 13.08 and a beta of 1.63. Morgan Stanley has a 12 month low of $29.31 and a 12 month high of $48.90.
Morgan Stanley (NYSE:MS) last issued its earnings results on Wednesday, July 19th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.11. Morgan Stanley had a net margin of 16.77% and a return on equity of 9.83%. The firm had revenue of $9.50 billion for the quarter, compared to analysts’ expectations of $9.05 billion. During the same quarter last year, the company posted $0.75 earnings per share. Morgan Stanley’s revenue was up 6.7% on a year-over-year basis. Equities research analysts anticipate that Morgan Stanley will post $3.50 EPS for the current year.
Morgan Stanley announced that its Board of Directors has initiated a share repurchase plan on Wednesday, June 28th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the financial services provider to buy up to 6.1% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.
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In other Morgan Stanley news, Chairman James P. Gorman sold 212,366 shares of Morgan Stanley stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $47.26, for a total transaction of $10,036,417.16. Following the completion of the sale, the chairman now owns 1,602,609 shares of the company’s stock, valued at approximately $75,739,301.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Jonathan Pruzan sold 25,767 shares of Morgan Stanley stock in a transaction on Thursday, July 20th. The shares were sold at an average price of $46.68, for a total transaction of $1,202,803.56. Following the sale, the chief financial officer now directly owns 196,708 shares of the company’s stock, valued at approximately $9,182,329.44. The disclosure for this sale can be found here. Company insiders own 0.35% of the company’s stock.
Several large investors have recently modified their holdings of MS. Global Financial Private Capital LLC raised its stake in shares of Morgan Stanley by 22.2% in the second quarter. Global Financial Private Capital LLC now owns 45,645 shares of the financial services provider’s stock worth $2,034,000 after buying an additional 8,282 shares during the period. Veritable L.P. raised its stake in shares of Morgan Stanley by 6.7% in the second quarter. Veritable L.P. now owns 54,898 shares of the financial services provider’s stock worth $2,446,000 after buying an additional 3,446 shares during the period. Epoch Investment Partners Inc. raised its stake in shares of Morgan Stanley by 92.0% in the second quarter. Epoch Investment Partners Inc. now owns 9,653,836 shares of the financial services provider’s stock worth $430,175,000 after buying an additional 4,625,783 shares during the period. Ally Financial Inc. raised its stake in shares of Morgan Stanley by 3.1% in the second quarter. Ally Financial Inc. now owns 48,000 shares of the financial services provider’s stock worth $2,139,000 after buying an additional 1,421 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Morgan Stanley by 3.2% in the second quarter. Dimensional Fund Advisors LP now owns 9,988,071 shares of the financial services provider’s stock worth $445,088,000 after buying an additional 310,430 shares during the period. 85.67% of the stock is owned by institutional investors.
Morgan Stanley Company Profile
Morgan Stanley is a financial holding company. The Company’s segments include Institutional Securities, Wealth Management and Investment Management. The Company’s Institutional Securities business segment provides investment banking, sales and trading, and other services to corporations, governments, financial institutions and high-to-ultra high net worth clients.
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